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In this course, you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more importantly, you will also learn how to apply these principles to a wide variety of real world situations in both your personal and professional lives. In this way, the Power of Microeconomics will help you prosper in an increasingly competitive environment.
Note that this course is a companion to the Power of Macroeconomics. If you take both courses, you will learn all of the major principles normally taught in a year-long introductory economics college course.
Syllabus
WEEK 1: Welcome
WEEK 2: An Introduction to Microeconomics
WEEK 3: Supply, Demand and Equilibrium
WEEK 4: Demand and Consumer Behavior
WEEK 5: Supply and Production Theory
WEEK 6: Perfect Competition
WEEK 7: Monopoly and Monopolistic Competition
WEEK 8: Oligopoly and Strategic Behavior
WEEK 9: Land and Rent
WEEK 10: The Labor Market and Wage Determination
WEEK 11: The Capital Market, Interest, and Profits
WEEK 12: Public Goods and Externalities
WEEK 13: Final Exam